AEye (NASDAQ:LIDR) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

AEye (NASDAQ:LIDR – Get Rating) posted its quarterly earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01), Yahoo Finance reports. AEye had a negative return on equity of 70.52% and a negative net margin of 2,294.24%. During the same period in the prior year, the business earned ($0.15) earnings per share.

AEye Trading Up 1.4 %

LIDR stock opened at $0.43 on Thursday. The business’s 50-day moving average price is $0.63 and its two-hundred day moving average price is $0.86. The firm has a market cap of $70.01 million, a PE ratio of -0.68 and a beta of 2.77. AEye has a 1-year low of $0.42 and a 1-year high of $6.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC bought a new position in AEye during the second quarter worth about $25,000. UBS Group AG bought a new position in AEye during the first quarter worth about $26,000. Voya Investment Management LLC bought a new position in AEye during the fourth quarter worth about $27,000. JPMorgan Chase & Co. lifted its holdings in AEye by 240.5% during the second quarter. JPMorgan Chase & Co. now owns 14,660 shares of the company’s stock worth $28,000 after acquiring an additional 10,354 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in AEye during the second quarter worth about $30,000. 30.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson lowered AEye to a “neutral” rating in a research report on Thursday.

About AEye

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AEye, Inc provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels.